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Jan 21, 2014
01/14
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so ibm being fairly conservative, one thing that is weighing on its stock after the trading day. we'll see if that continues tomorrow. >> after the hacking, the arresting, new information they just told us where they stolen data was going and who was getting their hands on it. casey has the story. >> we're learning texas and mexico may be involved here, but the operative word is "may." there's conflicting information between a local police chief and the fedes. but we know there have been an arrest two people in mcallen texas, 27-year-old mary garcia, and 28-year-old daniel dominguez, arrested trying to cross the mexican boredder into the united states, and with them, 96 counterfeit credit cards police say used to spend 0 tens of thousands of dollars at best buy, toys 'r' us. the cards containing the account information of some south texas residents. police chief saying some of the fraudulent accounts contained information that was stolen in the massive target security breach but the chief explaining he believes there was a sense of urgency to use the hacked accounts because the b
so ibm being fairly conservative, one thing that is weighing on its stock after the trading day. we'll see if that continues tomorrow. >> after the hacking, the arresting, new information they just told us where they stolen data was going and who was getting their hands on it. casey has the story. >> we're learning texas and mexico may be involved here, but the operative word is "may." there's conflicting information between a local police chief and the fedes. but we know...
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Jan 22, 2014
01/14
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lenovo is interested in ibm server business. and importantly besides the disappointing revenue number, ibm did reiterate its commitment to generate 20 bucks in eps in 2015. tyl tyler. >> thanks very much. >> our next guest is a big believer in big blue. dan morgan, senior portfolio manager, thanks for joining us. >> hi, susie. >> make your case for owning ibm. >> there's no doubt that this quarter in terms of revenue was disappointed and hardware continues to be disappointing but you look at some of their growth drivers in terms of the new initiatives they got involved in in the last couple of quarters, very good growth in their cloud business. it was up 69%. you look at business analytics up 9%. so that's really been the key for them going forward, continuing to show progression in the software area, up 4%. the big drag is hardware, that was a really tough area this quarter and if they can spin off to lenovo like they did their pc unit, which was a good move. that may be the key to moving forward to jump start revenues again. >
lenovo is interested in ibm server business. and importantly besides the disappointing revenue number, ibm did reiterate its commitment to generate 20 bucks in eps in 2015. tyl tyler. >> thanks very much. >> our next guest is a big believer in big blue. dan morgan, senior portfolio manager, thanks for joining us. >> hi, susie. >> make your case for owning ibm. >> there's no doubt that this quarter in terms of revenue was disappointed and hardware continues to be...
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Jan 21, 2014
01/14
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CNBC
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ibm doesn't turn on a dime. to think it was going to happen on this quarter, to me didn't make sense. >> people are becoming complacent about ibm's ability to post double-digit growth here. here it is slowing down. >> one of the big problems is a secular issue. if you look at the growth
ibm doesn't turn on a dime. to think it was going to happen on this quarter, to me didn't make sense. >> people are becoming complacent about ibm's ability to post double-digit growth here. here it is slowing down. >> one of the big problems is a secular issue. if you look at the growth
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Jan 21, 2014
01/14
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FBC
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sandra: after the bell ibm is reporting, texas instruments. technology a 18% weighting in the s&p 500 right now. what happens after the bell and as we get more tech earnings this week it could be a big driver behind this market. what is the forecast heading into these earnings? >> i think technology is going to surprise to the upside. maybe not ibm but balance in aggregate they will. do it is all about execution. it is about the environment whether it be china or russia, et cetera. also for earnings. some of these technology stocks like ibm offered a pretty good dividend. can they maintain the framework, or is there this headwind, secular headwind that is changing the company forever? so i think the s&p 500 behind me is being built up right now with the expectation that is technology is going to do well. not nearly as well as big banks. david: larry i have to break in. we have earnings coming out on several companies including ibm. jo ling kent, those numbers are in. how do they look? >> dave, we have pretty good
sandra: after the bell ibm is reporting, texas instruments. technology a 18% weighting in the s&p 500 right now. what happens after the bell and as we get more tech earnings this week it could be a big driver behind this market. what is the forecast heading into these earnings? >> i think technology is going to surprise to the upside. maybe not ibm but balance in aggregate they will. do it is all about execution. it is about the environment whether it be china or russia, et cetera....
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Jan 21, 2014
01/14
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CNBC
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ibm doesn't turn on a dime. to think it was going to happen on this quarter, to me didn't make sense. >> people are becoming complacent about ibm's ability to post double-digit growth here. here it is slowing down. >> one of the big problems is a secular issue. if you look at the growth markets for them, that's been 61% of their eps growth since 2010. and they're not getting it. now, i would defend ibm here and say, despite accounting hieroglyphics, et cetera, et cetera, this is a company that's grown earnings around 16% a year since 2010. so, maybe in 2009. that to me, is dwarfing the s&p. maybe this quarter, not so great. but i also don't think that the stock is going to move significantly on this news. i think the stock is range-bound. until the secular headwinds get out of the way, i don't think you do much with the stock. but i don't think you sell it down here. >> seven-straight sales decline. shifting to cloud takes flexibility and versatility. and i'm not sure they can rid themselves of their legacy busi
ibm doesn't turn on a dime. to think it was going to happen on this quarter, to me didn't make sense. >> people are becoming complacent about ibm's ability to post double-digit growth here. here it is slowing down. >> one of the big problems is a secular issue. if you look at the growth markets for them, that's been 61% of their eps growth since 2010. and they're not getting it. now, i would defend ibm here and say, despite accounting hieroglyphics, et cetera, et cetera, this is a...
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Jan 21, 2014
01/14
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buying assets from ibm would expand in that strategy. it makes a lot of sense in one key area is that the pc business is really not looking very healthy at all. companies like acer and a taiwanese pc maker, for a few years they were quite strong with the pc business was about consumers. after the financial crisis, companies were not a buying pcs. consumers were still buying pcs. the ipad came along and turned it all on his head. the comb -- and the consumer side is not strong. companies have strong corporate footprints, dell, ibm. you have have more of what the corporation needs that includes servers. it would help them to move in to get a unit from ibm and help them move forward in terms of that keycorp or demographic. makers. pc if else might be interested there is anybody else at all being mentioned? >> the obvious names are dell and hp. be in the running. it was reported yesterday that dell might be interested. two possible names in a bidding war. it is possible it could go either way. a couple ofhave possible companies that are a co
buying assets from ibm would expand in that strategy. it makes a lot of sense in one key area is that the pc business is really not looking very healthy at all. companies like acer and a taiwanese pc maker, for a few years they were quite strong with the pc business was about consumers. after the financial crisis, companies were not a buying pcs. consumers were still buying pcs. the ipad came along and turned it all on his head. the comb -- and the consumer side is not strong. companies have...
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Jan 22, 2014
01/14
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ibm is down $7. so 50 of the down points that we got here is due to a single stock, ibm a high-priced stock that's influencing the markets. enough about that. let me move on and talk about things. real stock pickers, mark. i don't like that word. it really is true in 2014. so put up multi-industry. usually the stocks sell different products across many different countries move in line. they're t not at all. they're splitting. so text tron had good earnings and good moves. parker, they narrowed their outlook. 10 percentage point difference in multi-industry group here. very unusual. stocks are diverging nowadays. look at the rails. generally very good news on the rails. norfolk southern had a good day. you can see that's differentiating. they're all up. doing much better than the overall group. not so can retail where everything is just kind of lousy. did you see what coach said this morning overall here? first off, substantially lower traffic. same-store sales down 13.6%. 7% in december. those are ve
ibm is down $7. so 50 of the down points that we got here is due to a single stock, ibm a high-priced stock that's influencing the markets. enough about that. let me move on and talk about things. real stock pickers, mark. i don't like that word. it really is true in 2014. so put up multi-industry. usually the stocks sell different products across many different countries move in line. they're t not at all. they're splitting. so text tron had good earnings and good moves. parker, they narrowed...
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Jan 22, 2014
01/14
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what is going on with ibm? this is the one company that warren buffett have a lot of faith then, that ibm had the smart decision to sell the pc business a few years ago. they were supposed to be on the up and not. they have had arise. i have been on tv for so long. they have been able to increase servers per share. you have to think about how much financial engineering is going on. they have reduced their share, goch helped a lot of the eps up. but a lot of the numbers look bad for this company. what do you get in for? these guys have seen sales fall. i think really consistently over two years. -- the of a rating rockets profits have also continued to fall and those numbers are looking pretty weak. is happening before she took over? ceoeople forget there is a transition at ibm about every 10 years and they tend to be kind of rough. the ceo was forced to undo some pension changes. that heard the number -- the company and the gross numbers. similarly, there was an attempt to revive ibm and he has done what a joke
what is going on with ibm? this is the one company that warren buffett have a lot of faith then, that ibm had the smart decision to sell the pc business a few years ago. they were supposed to be on the up and not. they have had arise. i have been on tv for so long. they have been able to increase servers per share. you have to think about how much financial engineering is going on. they have reduced their share, goch helped a lot of the eps up. but a lot of the numbers look bad for this...
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Jan 23, 2014
01/14
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was ibm getting wrong? accents -- ibm technology -- great team and products. with our expertise in supply chain and execution, it is a great marriage. we will be able to bring a whole new efficiency and cost-effectiveness. to getink what we want that is, what these transactions, they are pushing away -- ibm is saying no, no, no, and it has just become so hyper defined a business. >> i think what it is, they are good at certain things and we are good at certain things. both of us as partners know that. this is our strength. we are playing to our strength. we are playing to the fact that we know we are a good hardware device company. and to be honest, we talk about the margin pool -- this is a bigger margin. as and pcs. we are exciting. -- excited. will you expand the business? have you thought about where? >> our goal at lenovo is always to grow -- to premium in the market. that is what our executive team and ceo -- we will be at -- aggressive in expanding a business. to your point, competition is good for the business. this will bring value to the customer. >>
was ibm getting wrong? accents -- ibm technology -- great team and products. with our expertise in supply chain and execution, it is a great marriage. we will be able to bring a whole new efficiency and cost-effectiveness. to getink what we want that is, what these transactions, they are pushing away -- ibm is saying no, no, no, and it has just become so hyper defined a business. >> i think what it is, they are good at certain things and we are good at certain things. both of us as...
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Jan 21, 2014
01/14
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lenovo, ibm talking. lenovo is looking at buying a low-end server business of ibm according to a person with knowledge of the matter. the assets are said to be worth from $2.5 billion to $4.5 billion. a deal might be signed within weeks. verizon and intel have done a deal. verizon buying the chipmakers pay-tv startup. the service is designed to provide pay-tv programming over any high-speed internet connection. no word on a price that. that is today's company news. i'm sure we will get a price offering. >> definitely. our guest host for the hour is ceo of beta works. he has invested in a couple of small startups. you may of heard of them, tumbler, twitter. mike just went through a couple of deals. intel and lenovo. which is a bigger deal here in terms of changing the game? >> i think the lenovo deal. i think the transition to the cloud and how the big sort of traditional technology companies are making the transition to the crowd -- cloud is a huge shift that is taking place. i think the verizon-intel dea
lenovo, ibm talking. lenovo is looking at buying a low-end server business of ibm according to a person with knowledge of the matter. the assets are said to be worth from $2.5 billion to $4.5 billion. a deal might be signed within weeks. verizon and intel have done a deal. verizon buying the chipmakers pay-tv startup. the service is designed to provide pay-tv programming over any high-speed internet connection. no word on a price that. that is today's company news. i'm sure we will get a price...
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Jan 23, 2014
01/14
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or take ibm. oh, take ibm, here's a company that has warren buffett as its largest shareholder, a company with lofty goals that the oracle of omaha believes in. he's liked it because it's cheap and it has a massive buyback. buffett's an icon, ibm's an icon. last night we learned ibm's faltering and faltering badly. putting up earnings and sales numbers that were, i say, extremely disappointing. sure, the company might hit the long-term earnings per share targets, but it's getting there with buybacks, lower tax rates, gimmickry, but not revenues or cash flows. to me ibm has become the absolute opposite of what buffett normally likes. a company that's been outmoded by better mouse traps. i looked at a 1998 interview that buffett did with bill gates, of all people. and in it, buffett said i look for businesses in which i can predict what they're going to look like in 10 or 15 or 20 years. that means businesses that will look more or less so as they do today, except they'll be larger and doing more bu
or take ibm. oh, take ibm, here's a company that has warren buffett as its largest shareholder, a company with lofty goals that the oracle of omaha believes in. he's liked it because it's cheap and it has a massive buyback. buffett's an icon, ibm's an icon. last night we learned ibm's faltering and faltering badly. putting up earnings and sales numbers that were, i say, extremely disappointing. sure, the company might hit the long-term earnings per share targets, but it's getting there with...
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Jan 23, 2014
01/14
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the other thing is that lenovo and ibm went to this process, when ibm sold them the pc business and they were improved with conditions attached. there were some things that lenovo had to give up in that deal to get that review. let's not forget, the u.s. wants foreign investment. the want china to come -- current administration has been asking chinese companies to come in and create more opportunities to invest. those are the things working in favor of signing off on the deal, but this current outage does raise more headlines and questions about china's involvement. >> when you talk about the price for this deal, i wonder, it really does suggest that there were a not -- not a lot of other bidders. 4.5ett-packard is about times the sales, this unit went for about five times the sales. >> this deal had been talked all of thesehile, technology companies, these older technology companies, are struggling with the idea that they have to get out of hardware and become software. >> did you just call me older? >> i said you are no better, you are wiser. this is emblematic of what every single old
the other thing is that lenovo and ibm went to this process, when ibm sold them the pc business and they were improved with conditions attached. there were some things that lenovo had to give up in that deal to get that review. let's not forget, the u.s. wants foreign investment. the want china to come -- current administration has been asking chinese companies to come in and create more opportunities to invest. those are the things working in favor of signing off on the deal, but this current...
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Jan 22, 2014
01/14
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at ibm and at coach. shares of ibm have been down today, that's the big drag on the dow right now. they are down almost 3.5% at $181.85. ibm missed its revenue expectations last quarter. the company released its numbers last night, saying the numbers were hurt by a lack of demand for servers and storage equipment. then of course, there is coach. the shares there are down as well, now down 7%. the company said sales dropped more than predicted during the holiday shopping season. coach shares are down a full 20% in a year. same store sales down 13.6%, the third straight quarterly decline. now you're all set. ty, over to you. >> you wouldn't bet on a football team without knowing the coach. don't pick a stock without knowing the ceo. >> you just make me smile, jim cramer. jim cramer has a great new book called "get rich carefully." chapter five, he plays a game of 21, the bankable 21. it's about 21 ceos who are leading companies with stocks you should consider for your portfolio. we will go through those 21 ceos over the next three days. today, we will start with seven. this is really
at ibm and at coach. shares of ibm have been down today, that's the big drag on the dow right now. they are down almost 3.5% at $181.85. ibm missed its revenue expectations last quarter. the company released its numbers last night, saying the numbers were hurt by a lack of demand for servers and storage equipment. then of course, there is coach. the shares there are down as well, now down 7%. the company said sales dropped more than predicted during the holiday shopping season. coach shares are...
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Jan 21, 2014
01/14
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lenovo may be focused on snatching up the ibm server unit. john dawson has the details on both of the stories. >> breaking news. they are actually confirming they are in preliminary talks. this is four $.5 billion. they are saying that talks broke down a couple of months ago about the price. wants to spend more. says they are ready to sign the money within cheeks. dell may be looking to account. we are looking for an exciting move that did in fact fell to agree. there are lower profit margins to exit hardware. software. they still have the pc business in 2005 to even it all out. lenovo is arty number one pc maker in the world, trying to become the number one smartphone. bev snappinghave in b up oriental. >> they are saying here. they are regaining control. for 1.8d this billion. they just sold it back to the owners. 5.8 billion in the meantime. since they bought it, they are seeing the market share of south korea's a beer market go from 40% to a controlling 60%. >> they need a cash to close the deal. at they are looking cash. >> what a great
lenovo may be focused on snatching up the ibm server unit. john dawson has the details on both of the stories. >> breaking news. they are actually confirming they are in preliminary talks. this is four $.5 billion. they are saying that talks broke down a couple of months ago about the price. wants to spend more. says they are ready to sign the money within cheeks. dell may be looking to account. we are looking for an exciting move that did in fact fell to agree. there are lower profit...
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Jan 21, 2014
01/14
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all the ibm problems seem to be ibm specific and that's a pretty significant revenue miss so maybe the action we're seeing now is just sort of people squaring themselves up. >> thanks guy. you can catch much more of guy coming up on "fast money" at 5:00 p.m. and we have some breaking news on pimco. a big mover. dom chu what's happening? >> this is mohamed el-erian a frequent guest on our programming. ceo andco-ci o of pimco has resigned from pimco. mohamed el erian resigning effective mid-march. the parent company announced mohamed el-erian will leave but will still say in terms of advisory capacity with the board of management. he's going to advise the board on global economic and policy issues. he will report to the ceo of the parent company of pimco. bill gross, the founder of pimco, will remain chief investment officer. pimco's managing directors have elected douglas hodge as the new chief executive officer. he's currently the chief operating officer of pimco. jay jacobs will be -- he was the global head of talent management and now will be president of pimco. so mohamed el-erian s
all the ibm problems seem to be ibm specific and that's a pretty significant revenue miss so maybe the action we're seeing now is just sort of people squaring themselves up. >> thanks guy. you can catch much more of guy coming up on "fast money" at 5:00 p.m. and we have some breaking news on pimco. a big mover. dom chu what's happening? >> this is mohamed el-erian a frequent guest on our programming. ceo andco-ci o of pimco has resigned from pimco. mohamed el erian...
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Jan 21, 2014
01/14
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ibm will be reporting earnings later today. it is china make the shift to cloud and facing some difficulty as we had -- it is trying to ship to this cloud and facing some difficulty as we headed that direction. bill gates from microsoft will be here at bloomberg headquarters having a conversation with michael bloomberg, the founder of bloomberg lp, the owner of bluebird television. they will talk about philanthropy and their efforts to change the world, specifically, bill gates publishes annual letter at which you talked about the myths that thisd -- block progress in idea that you can improve on the situation has a really taken hold in the philanthropy community, and perhaps it should. this is one of the angles we will be looking out. >> really looking forward to the show. thank you very much. dr. dre took two thirds of the headphone market with his $300 a pop headsets. now he is hoping to clear out competitors like spotify and pandora and the music streaming business. but what is the -- why is he going to win in this space? w
ibm will be reporting earnings later today. it is china make the shift to cloud and facing some difficulty as we had -- it is trying to ship to this cloud and facing some difficulty as we headed that direction. bill gates from microsoft will be here at bloomberg headquarters having a conversation with michael bloomberg, the founder of bloomberg lp, the owner of bluebird television. they will talk about philanthropy and their efforts to change the world, specifically, bill gates publishes annual...
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Jan 22, 2014
01/14
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FBC
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stuart: ibm is kind of industrial company. charles: coaches down big today, companies that have been losing our big losers thus far, companies grinding it out are still grinding it out. a pullback maybe not 10%, stomach. stuart: i saw the coach problem coming. i saw lines out the door at michael kors outlets and a sparse line going into coach. charles: very nice shoes, by the way. stuart: another dow dow stocks, united technologies. charles: they make elevators and air conditioners. the best performer on the dow jones industrial, did well on revenue. this year coming up and said the position to sustain the cost of production, good news. stuart: it is an industrial company. it is not it take company. it is doing well. thank you very much. i have an eye-opening number for you. 20% of u.s. households are now on food stamps. to me that is a staggering number. one in five households in america, charles, getting free government food. i cannot believe that am in 2014. charles: it is an amazing embarrassment. a shameful number, we are
stuart: ibm is kind of industrial company. charles: coaches down big today, companies that have been losing our big losers thus far, companies grinding it out are still grinding it out. a pullback maybe not 10%, stomach. stuart: i saw the coach problem coming. i saw lines out the door at michael kors outlets and a sparse line going into coach. charles: very nice shoes, by the way. stuart: another dow dow stocks, united technologies. charles: they make elevators and air conditioners. the best...
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Jan 23, 2014
01/14
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point 3 billion dollars, lenovo buying ibm's server unit lenovo buyingn, ibm's server unit. good morning to our viewers in europe, good evening to those in asia, and a very warm welcome to those just waking up in the u.s. i am guy johnson, this is "the pulse," live from london. >> i am francine lacqua, live of the worlday two economic forum and it is billionaire hour. we do not often get to say that. >> it has a fantastic rain. the last hour has been amazing in davos. event has set twitter alight light, amazing to hear some of the things he was saying. i hear the hall was ringing with cheers as he was making comments as well. >> he is the rock star of this davos 2014. we have not had an iranian president in davos for the last toade, he wants to sell iran business leaders, he wants contracts. be among iran could the top 10 economies in the world. that is more than being bullish, an incredible statement. work.t will take a lot of he seems to be up for it. you hide your conversation with carlos ghosn earlier. k-life balance seems to be slightly something that j ogged with davos
point 3 billion dollars, lenovo buying ibm's server unit lenovo buyingn, ibm's server unit. good morning to our viewers in europe, good evening to those in asia, and a very warm welcome to those just waking up in the u.s. i am guy johnson, this is "the pulse," live from london. >> i am francine lacqua, live of the worlday two economic forum and it is billionaire hour. we do not often get to say that. >> it has a fantastic rain. the last hour has been amazing in davos....
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Jan 22, 2014
01/14
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ibm is $56 off its 52-week high. the new ceo, you got to wonder if the old ceo left at exactly the right time, if you catch my drift. she kind of inherited -- >> let me tell you something. >> go ahead. >> when i was a full-timer, i was on set when that was announced and the first thing we said was, was he getting out when the getting was good. it seemed to come out of nowhere. by the way, don't forget, the cfo who is also behind the road map is going, too. >> those were the halcyon days when you were here on set with us. >> yes. i will be there next week. >> send me back my pants. stick around because it is a big year on cnbc. celebration of our 25th anniversary. we are unveiling the nominees for the cnbc first 25 leaders, icons and rebels, a list of 200 people who have had the greatest influence, sparked the biggest changes and created the most disruption in business over the past quarter century. we got 200. we will narrow that list down to the top 25 over the next couple of months. this is where it's important. pu
ibm is $56 off its 52-week high. the new ceo, you got to wonder if the old ceo left at exactly the right time, if you catch my drift. she kind of inherited -- >> let me tell you something. >> go ahead. >> when i was a full-timer, i was on set when that was announced and the first thing we said was, was he getting out when the getting was good. it seemed to come out of nowhere. by the way, don't forget, the cfo who is also behind the road map is going, too. >> those were...
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Jan 22, 2014
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china has a struggle with ibm with sales falling 23%. the company announced it will take a $1 billion restructuring charge. analysts say that could be a signal for 10,000 to 15,000 job cuts in 2015. >>> and texas instruments, the company will trim 1100 jobs worldwide. shares of texas instruments down 1% in the premarket. >>> here's a thought, colleges that will pay your student loan bills. doesn't sound real? it is. a small but growing group of colleges guaranteeing students they will help them pay their student loan bills until they secure a well-paying job. it's known as loan repavement assistance. it's a program that a lot of schools have been doing. law schools have been doing this for years. dozens of private colleges getting on the bandwagon. eight christian colleges offering the programs and students say it was a big attraction in picking the schools. there are some caveats, once a student breaks through an income threshold they will no longer get the assistance. something to check out, though. >>> this may be the ultimate march m
china has a struggle with ibm with sales falling 23%. the company announced it will take a $1 billion restructuring charge. analysts say that could be a signal for 10,000 to 15,000 job cuts in 2015. >>> and texas instruments, the company will trim 1100 jobs worldwide. shares of texas instruments down 1% in the premarket. >>> here's a thought, colleges that will pay your student loan bills. doesn't sound real? it is. a small but growing group of colleges guaranteeing students...
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Jan 15, 2014
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we took a look at the ibm patent history. we always talk about this false what company has what patent. why do we care? >> for a tech company, it is important for them to get ahead of these inventions ful. it helps to protect from copyright laws as well. is not what one would think of as a cutting-edge company. it has held that spot for 20 one st years. how many patents that have have last year? >> 6800. >> how did they hold onto this tops on the mark >> they put six lien dollars into research and design each year. they want to get out in front of these different trends. what they do with these patents and inventions, it might be a different story. >> historically have things come out of the patents that have been interesting or lucrative question mark -- lucrative? can take three years before a patent is issued. it shows where companies are looking to grow. you can see a lot of cloud computing with them. they are dealing with encrypted data better in the cloud. also with watson, they're smart computer that can answer a stude
we took a look at the ibm patent history. we always talk about this false what company has what patent. why do we care? >> for a tech company, it is important for them to get ahead of these inventions ful. it helps to protect from copyright laws as well. is not what one would think of as a cutting-edge company. it has held that spot for 20 one st years. how many patents that have have last year? >> 6800. >> how did they hold onto this tops on the mark >> they put six...
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Jan 23, 2014
01/14
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BLOOMBERG
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confirmed they are ibm's ibm -- buying server business. the deal is priced at $2.3 billion. there you go. johnson.it is guy you have been talking about big blue. on talking about some of the b's we have on the program. vos tojohnson is in dat rub shoulders with people with big checkbooks. anthonyto our clays, jenkins will be joining us. ,- then we go to barclays anthony jenkins will be joining us. what does he see in barclays future? and we it to the billionaires. -- and then we get to the billionaires. markets remain a significant part of the story. and then we have the iranian story, which we need to cover as well. ulse."morning on "the p >> we will head back to davos after the break. hans nichols has been taking some driving lessons. this is something you simply cannot miss. ♪ vipsvos is swarming with and they all come with their own got a lesson on how those chauffeurs would handle and icm bush -- an icy ambush. when you were in an armored car, you are always safe. power, power, power. there is a roadblock in front of us, someone with a gun, we do not wait for this. fa
confirmed they are ibm's ibm -- buying server business. the deal is priced at $2.3 billion. there you go. johnson.it is guy you have been talking about big blue. on talking about some of the b's we have on the program. vos tojohnson is in dat rub shoulders with people with big checkbooks. anthonyto our clays, jenkins will be joining us. ,- then we go to barclays anthony jenkins will be joining us. what does he see in barclays future? and we it to the billionaires. -- and then we get to the...
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Jan 17, 2014
01/14
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FBC
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ibm bidding begun cloud services, we talk to the ceo of the company ibm acquired to boost its efforts in the cloud. the battle between merchant class and the federal reserve over debit visas heating up again. and an entrepreneur wants to put government out of the solar energy industry. let's go to the floor of the nyse and nicole petallides making big moves today. nicole: a lot of names on the move, whether it is earnings for news, up let's baying for some of these, google hitting a new all-time high today on the same day they are testing new technology where it actually has a writer chip by your eye and can determine glucose levels for diabetics. that is the name we are watching. best buy under pressure, 30%, american express, morgan stanley in new highs, ge and ups to the downside. positive comments from alan jumming over 10% today for gamemaker that is a real winner. twitter is gaining and bouncing back. as i noticed earlier, it is of very busy day on wall street. dennis: thank you. cheryl: ibm has its head in the clouds. big blue snapped up cloud computing co. software for $2 bill
ibm bidding begun cloud services, we talk to the ceo of the company ibm acquired to boost its efforts in the cloud. the battle between merchant class and the federal reserve over debit visas heating up again. and an entrepreneur wants to put government out of the solar energy industry. let's go to the floor of the nyse and nicole petallides making big moves today. nicole: a lot of names on the move, whether it is earnings for news, up let's baying for some of these, google hitting a new...
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Jan 23, 2014
01/14
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ALJAZAM
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ibm announced 15,000 to 10,000 job cuts according to an analyst. there were lack lustier sales, a quarterly report showed a 26% drop in hardware sails. the hardware division is where most of the job cuts will take place, ibm is the latest company to reduce staff. its rival planned to cut 1,000 jobs. ibm has 400,000 employees in more than 170 country. >> the ceo at a cleveland issue is sounding the alarm over obamacare, ali has that. >> and we'll tell you how the auto industry is recharging a state state. >> all of that and more as "real money" continues. in >> which is a big deal. and we have to get uniform quality. the quality is up and down all over the place. we think we can do this, we are in the process of building it. exciting to have a chance to build a great health care system. you talk about it in the press. you managed to steer clear of the splittizize this or that. again, backing out of that, do you think so far. what with would you change? >> the rollout of the website is a problem. that's not the real story. the real story is things we
ibm announced 15,000 to 10,000 job cuts according to an analyst. there were lack lustier sales, a quarterly report showed a 26% drop in hardware sails. the hardware division is where most of the job cuts will take place, ibm is the latest company to reduce staff. its rival planned to cut 1,000 jobs. ibm has 400,000 employees in more than 170 country. >> the ceo at a cleveland issue is sounding the alarm over obamacare, ali has that. >> and we'll tell you how the auto industry is...
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Jan 21, 2014
01/14
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FBC
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a mixed bag, ibm slightly lower, advanced micro to the downside. what are we looking for for these names? more ibm, systems and technology, that's one segment that will be really key because that did hit revenue last time around. cloud computing, they have intense competition in this area such as amazon. so ibm, that's something to watch. the good part, the low end server business. you may see names like dell or lenovo that may be interested in that. advanced micro devices, they're powering so many of the game consoles and, don't forget, playstation four, microsoft xbox one, that may help with those next generation consoles. they did see improving demand for products thus far, so we'll see whether or not that revenue which is expected to be 30% year-over-year to the upside, if that comes to fruition. and then there's texas instruments. the question here is they've been driven by stronger demand for products, game consoles, computing. however, they did narrow their forecast. that's not good news. that may be because of waning demand. so we'll see, i
a mixed bag, ibm slightly lower, advanced micro to the downside. what are we looking for for these names? more ibm, systems and technology, that's one segment that will be really key because that did hit revenue last time around. cloud computing, they have intense competition in this area such as amazon. so ibm, that's something to watch. the good part, the low end server business. you may see names like dell or lenovo that may be interested in that. advanced micro devices, they're powering so...
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Jan 22, 2014
01/14
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BLOOMBERG
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orders oftraight falling sales for ibm. sales down five percent for the full year. said we are forgoing our bonuses. to put it in perspective, $28 billion for the fourth quarter, that is bigger than last year's gdp. they are just not living up to expectations. the reason we are not growing anymore is companies that work on a general basis don't need service quite so much. totead, we are all looking loud computing. you don't need these huge juggernauts of hardware. we talked to a tech analyst recently who was saying there will still be demand for service , it is just that cloud companies would buy them instead of businesses. what is ibm doing to turn itself around? >> it is trying to get in on the cloud service act. inroads, butng they made a big purchase, $2 billion last year. they are looking to ramp up and steal back from amazon and other countries -- companies that have been leading the march on them. supercomputertson , setting up an entire new business unit. answersly this computer questions in conversational language. getting rid of lower volume businesses. ye
orders oftraight falling sales for ibm. sales down five percent for the full year. said we are forgoing our bonuses. to put it in perspective, $28 billion for the fourth quarter, that is bigger than last year's gdp. they are just not living up to expectations. the reason we are not growing anymore is companies that work on a general basis don't need service quite so much. totead, we are all looking loud computing. you don't need these huge juggernauts of hardware. we talked to a tech analyst...
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Jan 22, 2014
01/14
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FBC
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ibm really dragging down the whole index. ibm had a lot to do why you see red on the dow jones. s&p is up. nasdaq is up more significantly. almost up a half a percentage and russell 2000 small and mid-sized caps there we have a busy hour with earnings. netflix is coming. liz claman from davos. "after the bell" starts right now.
ibm really dragging down the whole index. ibm had a lot to do why you see red on the dow jones. s&p is up. nasdaq is up more significantly. almost up a half a percentage and russell 2000 small and mid-sized caps there we have a busy hour with earnings. netflix is coming. liz claman from davos. "after the bell" starts right now.
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Jan 21, 2014
01/14
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ibm lows in talks with end server business. >> reaching for the cloud. one billion euros in annual cloud sales. we will talk to the company executive. >> a labyrinth up. soaps and shampoos sales on the global scale. -- >> lathering up. -- soaps and shampoos sales on the global scale. >> it is probably self-doubt. .e knows the effect capitalist today in principle. it should be combined with steep , social responsibility. >> hello, welcome to "countdown." i am mark barton. >> i am anna edwards. bloomberg reporters are standing .y ready to deliver the stories in a berlin, david tweed covers sap. their earnings are breaking it now. >> unilever's numbers. and hong kong to the lenovo/ibm story. it's a possible to make a new profits in music streaming? a new company is trying it. getting earnings from sap, the german company, the biggest maker of software. they all felt fourth-quarter results. it is announcing its output for 2014. and 2015. it sees its operating profit this year between 5 billion euros and 6 billion euros. just slightly below analyst' e stimate
ibm lows in talks with end server business. >> reaching for the cloud. one billion euros in annual cloud sales. we will talk to the company executive. >> a labyrinth up. soaps and shampoos sales on the global scale. -- >> lathering up. -- soaps and shampoos sales on the global scale. >> it is probably self-doubt. .e knows the effect capitalist today in principle. it should be combined with steep , social responsibility. >> hello, welcome to "countdown." i...
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Jan 21, 2014
01/14
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that's an indication of future business for ibm. now, ibm to stephanie's case, a serious underperformer in the dow last year. it was actually negative on the year last year. remember, one of the only ones out there. when you talk about ibm, it's not just about the earnings number. it's about what indication of future business there is and this is a stock that's predicted by the options market to go up or down by 4% after earnings come out, and this is already six straight quarters of sales declines. it could be seven depending what they report today. >> you wonder if accenture, who had a good quarter, is that any kind of indication that maybe their services business or maybe some of the software piece could see an uptick? >> service is the biggest piece of their business by revenue. we are also looking for guidance on hardware and specifically in china. that was a big reason why the stock fell 6%, more than 6% on the back of its previous earnings report. sales in china for hardware down 40%. this is one of the first bellwether techn
that's an indication of future business for ibm. now, ibm to stephanie's case, a serious underperformer in the dow last year. it was actually negative on the year last year. remember, one of the only ones out there. when you talk about ibm, it's not just about the earnings number. it's about what indication of future business there is and this is a stock that's predicted by the options market to go up or down by 4% after earnings come out, and this is already six straight quarters of sales...
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Jan 19, 2014
01/14
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that is what the future holds. >> that was the creator of ibm's watson. coming up, we head to the lab to meet facebook's newest head of artificial intelligence. you do not want to miss this. ♪ >> welcome back. we have more of our special series on artificial intelligence. facebook has decided to open a new lab in new york dedicated to artificial intelligence. the man in charge of leading that transformation is a french mathematician and nyu professor with 30 years of experience in the field. sam grobart caught up with the new head of ai at facebook. >> artificial intelligence still has a sci-fi ring to it. the fact is it is in our digital lives. from netflix's movie recommendations to amazon shopping recommendation. >> everything you do on facebook or google, there is an ai system behind it. >> he has been studying artificial intelligence for three decades. now he is taking on a new post. he is facebook's head of artificial intelligence. it is their bet on the future and what they will do with the data they are collecting. >> we have been thinking about
that is what the future holds. >> that was the creator of ibm's watson. coming up, we head to the lab to meet facebook's newest head of artificial intelligence. you do not want to miss this. ♪ >> welcome back. we have more of our special series on artificial intelligence. facebook has decided to open a new lab in new york dedicated to artificial intelligence. the man in charge of leading that transformation is a french mathematician and nyu professor with 30 years of experience in...
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Jan 21, 2014
01/14
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another piece of ibm sources are talking about lenovo's next possible move. stocks are higher across the asia-pacific. unleashing the animal spirit, the rising competence means company that companies are set to spend heavily again. >> let's check in with the markets and see how your money is behaving itself. david? >> good morning to you. it is another quiet day across the region so far. volumes are quite light compared to what we are used to seeing this type of the day. markets about the only as you can see from the map. sharp movement, up 1% a. it might erase some of the games that we saw against the u.s. dollar. u.s. markets are shot overnight for martin luther king day so we don't have the usual gauge of
another piece of ibm sources are talking about lenovo's next possible move. stocks are higher across the asia-pacific. unleashing the animal spirit, the rising competence means company that companies are set to spend heavily again. >> let's check in with the markets and see how your money is behaving itself. david? >> good morning to you. it is another quiet day across the region so far. volumes are quite light compared to what we are used to seeing this type of the day. markets...
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Jan 18, 2014
01/14
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BLOOMBERG
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i had a chance to sit down with david ferrucci, a scientist and creator of ibm's watson supercomputer. watsonted by asking how came to be. >> ibm research is about pushing the envelope in breaking new ground and taking on grand challenges. the executives at ibm thought could we compete a computer that could compete with humans at human tasks like jeopardy. we could do that. my entire life, it was about getting computers to them it the way humans think. take it step by step to see we could do it. watson's great functions his ability to function with natural language? moving bitsst about from place to place, it is what they say in the meaning behind it. meaning trumps data. there is too much out there. had i get an understanding of it? ,> where would you say we are at the toddler stage or the adult stage? long waylike there's a to go. >> it is not even road. for example, when we look at a second grade or toddler, it is not like that. if you do seven that is , otherly sophisticated areas it is going to seem really stupid. process data differently than humans. can we get more of a converg
i had a chance to sit down with david ferrucci, a scientist and creator of ibm's watson supercomputer. watsonted by asking how came to be. >> ibm research is about pushing the envelope in breaking new ground and taking on grand challenges. the executives at ibm thought could we compete a computer that could compete with humans at human tasks like jeopardy. we could do that. my entire life, it was about getting computers to them it the way humans think. take it step by step to see we could...
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Jan 18, 2014
01/14
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BLOOMBERG
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we started by asking how watson as we know it today came to be. >> ibm research is about pushing the envelope in breaking new ground. some of the executives at ibm thought we could create a computer that could compete with humans in heart challenging tasks like laying jeopardy. we said we could do this. it was allre life about if we could get computers to mimic the way humans think. taking it step by step. isn't one of the things that makes watson so special natural language? >> that is one of the biggest challenges, how we understand language. computers have gone from being data jockeys to thought our nurse. it is not about moving bits from place to place but understanding what they say, what is the meaning behind it. alternately, meaning is going to trump data. there's too much out there, how to get an understanding of it. guard comess -- >> to language understanding are we at the toddler stage or at the adult stage? we have seen things go from ciri, but how far do we have to go? >> it would take a really smart person hours and hours if not weeks to stitch together and .igure out c
we started by asking how watson as we know it today came to be. >> ibm research is about pushing the envelope in breaking new ground. some of the executives at ibm thought we could create a computer that could compete with humans in heart challenging tasks like laying jeopardy. we said we could do this. it was allre life about if we could get computers to mimic the way humans think. taking it step by step. isn't one of the things that makes watson so special natural language? >>...
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Jan 20, 2014
01/14
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FBC
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david: ibm, they're at it again. you guys are always innovating. >> it is a great era for cognitive computing. david: great stuff. >> thank you. sandra: if you're thinking of changing your job this year you will want to know who the best employers are in the nation. we've got the very latest rankings on that straight ahead. david: also the world could be on the brink of an oil glut that hasn't been seen in living memory. it could have a huge impact on the global economy, what the world central banks do. up next we'll talk about that. sandra will weigh in and we'll hear what she thinks. >> can't wait. ♪ ♪ [ male announcer ] wt kind of energy is so abundant, it can help provide the power for all th natural gas. ♪ more than ever before, america's electricity is gerated it. exobil uses advanced visualization andrilling technologies to produce natural gas... powering our lives... while reducing emissions y up to 60%. energy lives he ♪ energy lives he my dad has aor afib.brillation, he has the most common kind... .
david: ibm, they're at it again. you guys are always innovating. >> it is a great era for cognitive computing. david: great stuff. >> thank you. sandra: if you're thinking of changing your job this year you will want to know who the best employers are in the nation. we've got the very latest rankings on that straight ahead. david: also the world could be on the brink of an oil glut that hasn't been seen in living memory. it could have a huge impact on the global economy, what the...
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Jan 22, 2014
01/14
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ibm has disappointed the market again. missing estimates and posting its seventh straight quarter of declining sales. caroline high joins us with more on the report. more of the same. evenven straight quarters, though the figures are enormous, $20 billion is larger than some gdp.ries' apple is making more money, hp is making more money on a quarterly basis. overall in the year, sales are down 5%. ibm has dropped the ball, particularly regarding cloud -- cloud computing. they make servers for storage, we are all going to the internet now. they are playing catch-up. >> what are they going to do to fix at? >> they have been making acquisitions, trying to get into the cloud space, catching up. they got soft where technologies, $2 billion, sales up 69% for the cloud services, other new products. the watson supercomputer, moving to mining big data, having a whole new business unit. the supercomputer answers questions and conversational language. they are eliminating jobs, cutting into costs and selling. we were talking about it.
ibm has disappointed the market again. missing estimates and posting its seventh straight quarter of declining sales. caroline high joins us with more on the report. more of the same. evenven straight quarters, though the figures are enormous, $20 billion is larger than some gdp.ries' apple is making more money, hp is making more money on a quarterly basis. overall in the year, sales are down 5%. ibm has dropped the ball, particularly regarding cloud -- cloud computing. they make servers for...
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Jan 22, 2014
01/14
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you're seeing retirees at ibm and places like time-warner and possibly ge going to the exchanges. you're seeing a decoupling, undoing of the link between jobs and health insurance that's been in place certainly since the '40s. some of these executives are saying it's due to health care reform. we're seeing this as a cost benefit to us, try the health exchangeses, try your hand there. >> another fox news alert. right now at the white house, president obama invites vice president joe biden in the east room of the white house preparing to talk about the administration's plan to combat race and sexual assault. they are looking at a new report that outlines facts surrounding the crime and identifies key areas to work on and improve, particularly how to protect students from such attack. we'll monitor the event and bring you news coming out of it. if you want to watch the whole thing, go to fox news.com. >>> a political firestorm in new york after governor cuomo slams conservatives. our political panel is here to weigh in on that. >>> drive-through taking on a whole new meaning at this
you're seeing retirees at ibm and places like time-warner and possibly ge going to the exchanges. you're seeing a decoupling, undoing of the link between jobs and health insurance that's been in place certainly since the '40s. some of these executives are saying it's due to health care reform. we're seeing this as a cost benefit to us, try the health exchangeses, try your hand there. >> another fox news alert. right now at the white house, president obama invites vice president joe biden...
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Jan 20, 2014
01/14
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CSPAN2
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>> ibm. first of all, thank you for having me on. i think this idea is right but almost everybody i know thinks it's wrong. my wife, my kids, my students. but it's surprising to many people think it's wrong because when you think about it, we are talking about a document that is over 200-years-old and is written at a time when the united states looks nothing like what it looks like today. it was a small republic along the eastern seaboard depending mostly were largely on slave labor when communications were difficult, travel was treacherous. this was a document written by people who had many of whom had compunctions about of gunning other human beings and who fought that women had no role to play in public affairs and who fought that people without property are not to be allowed to go to. so it is just pretty bizarre when you think about that that we should decide modern questions based on what they fought a very long time ago. here is the point. suppose you are let's say the president or senator or supreme court justice and you have
>> ibm. first of all, thank you for having me on. i think this idea is right but almost everybody i know thinks it's wrong. my wife, my kids, my students. but it's surprising to many people think it's wrong because when you think about it, we are talking about a document that is over 200-years-old and is written at a time when the united states looks nothing like what it looks like today. it was a small republic along the eastern seaboard depending mostly were largely on slave labor when...
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Jan 22, 2014
01/14
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CNBC
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i think of an ibm, an intel and some of the others out there. what do you make of that and do we discern a trend from just a few of these earnings reports so far? >> well it is disappointing, bill, some of the technology earnings we've seen but really my overweight is based more on capital spending on technology looking down the road. it seems we're at a tipping point with corporate ceos from an employment standpoint where i feel like hiring is going to continue to pick up as we go through the year and with that i.t. spending should continue to pick up, and i think that bodes well for the ibms and intels of the world that have disappointed here. the sector is attractively priced in general and even though right now from a technical standpoint it's not exactly knocking the cover off the ball i think just valuation will continue to bring some dollars into technology from an investment standpoint as we go through the year. >> if they keep doing that they will be replaced by robots. >> i was going to say to some extent, rob, it seems that money is d
i think of an ibm, an intel and some of the others out there. what do you make of that and do we discern a trend from just a few of these earnings reports so far? >> well it is disappointing, bill, some of the technology earnings we've seen but really my overweight is based more on capital spending on technology looking down the road. it seems we're at a tipping point with corporate ceos from an employment standpoint where i feel like hiring is going to continue to pick up as we go...
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Jan 17, 2014
01/14
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BLOOMBERG
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i was at a little conference for ibm. i was just waiting at the coffee andy steven stanford students walked up to me and said, hello. my name is larry and we would like to talk to you about your computer. can we get a demo? talked about wearable computing and they told me about this new service they were talking about called google for better web search. it was just grad students talking to each other at the time. it was clearfter the smartphone thing was really taking off and was going to be successful, i sent him an e-mail saying, why don't you take a look at this work that's really progressed a long way and the next thing i knew, i was out there working on glass. they decided independently of me about two months before they were going to do the wearable computer so my timing was perfect. >> having worked on this for more than 20 years, it's pretty obvious it's gotten so much better. processing power has gone up exponentially. from today looking forward, what are some of the next major breakthroughs that are going to fa
i was at a little conference for ibm. i was just waiting at the coffee andy steven stanford students walked up to me and said, hello. my name is larry and we would like to talk to you about your computer. can we get a demo? talked about wearable computing and they told me about this new service they were talking about called google for better web search. it was just grad students talking to each other at the time. it was clearfter the smartphone thing was really taking off and was going to be...
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Jan 21, 2014
01/14
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ibm, johnson & johnson. the viewers have to remember that the dow is weighted far differently than all the others. everybody else is weighted by capitalization. the dow is primarily weighted by price. so if, for example, johnson & johnson is down 2 1/2 points, that's 20 points on the dow. so you get five stocks down 20 points we're down 100. you can make some comparisons. theories around that there was some sharp futures trade after 11:00. that didn't seem to impact things because the s&p is down far less than the dow is right now. >> right. there had been some talk about 1840 being an interesting technical level. had we already not been passed that point? >> yeah and no. i think, now, again, not to belabor the point, if you look at friday when the dow was up, you had two stocks that contributed 75 points to a dow that was up only 31. with the changes they made in the dow, it is somewhat over leveraged right now. and -- >> because of those prices? >> yeah. if you put very high price stocks in -- the weight s
ibm, johnson & johnson. the viewers have to remember that the dow is weighted far differently than all the others. everybody else is weighted by capitalization. the dow is primarily weighted by price. so if, for example, johnson & johnson is down 2 1/2 points, that's 20 points on the dow. so you get five stocks down 20 points we're down 100. you can make some comparisons. theories around that there was some sharp futures trade after 11:00. that didn't seem to impact things because the...
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Jan 18, 2014
01/14
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KQED
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american express, visa, goldman sachs and ibm. only eight of the dow 30, but that was enough to pound the weekly gain of the year. and so far in 2014, the dow is off about three quarters of a percent. today's soggy trading was marked by worries over earnings and outlooks. manufacturing margins, ups, flat out profit warning. on this friday, the dow gained 41 points. the nasdaq down by 21 and the s&p lost seven. >>> we'll turn to chris gaffney for his analyst. senior market strategist with ever bank. chris, you heard at the top of the program, the saying on wall street is as goes january, so goes the year. so, should investors be bracing themselves for a down year? >> i don't think so. we certainly have had a bit of a rocky start to the year. it's been a short time period so far and i think there's a lot of things that will support the market going forward. namely lower interest rates and i think increased consumer confidence. >> i was speaking earlier this week to a portfolio manager who said we had a market up about 30% last year
american express, visa, goldman sachs and ibm. only eight of the dow 30, but that was enough to pound the weekly gain of the year. and so far in 2014, the dow is off about three quarters of a percent. today's soggy trading was marked by worries over earnings and outlooks. manufacturing margins, ups, flat out profit warning. on this friday, the dow gained 41 points. the nasdaq down by 21 and the s&p lost seven. >>> we'll turn to chris gaffney for his analyst. senior market...
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Jan 23, 2014
01/14
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ALJAZAM
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ibm has over 400,000 employees in more than 170 countries. the ceo of the cleveland clinic is sounding the alarm in a key issue involving obamacare. ali has that story next, and the cities on the rebound, how the auto industry is recharging parts of the hoosier state. plus the landing club has landed on the forbes most promising country for a third straight year. what is their secret? you'll hear from the company's ceo. all that and more as "real money" continues. >> every sunday night aljazeera america presents extraodinary films from the world's top documetary directors. >> it's the world's most powerful financial institution. >> i think we're mysterious to people. >> what really goes on behind closed doors? >> the fed is kind of this black box. >> it's your money... >> somebody screwed up. >> ... or is it? >> i worked to save that money and now i get nothing. >> inside the fed. on al jazeera america. >> the world economic forum is underway in davos, switzerland, they have gathered to discuss the global economy and to schmooze. in previous
ibm has over 400,000 employees in more than 170 countries. the ceo of the cleveland clinic is sounding the alarm in a key issue involving obamacare. ali has that story next, and the cities on the rebound, how the auto industry is recharging parts of the hoosier state. plus the landing club has landed on the forbes most promising country for a third straight year. what is their secret? you'll hear from the company's ceo. all that and more as "real money" continues. >> every...